BHC Financial announces agreement with SFNB Investment Services Inc.PHILADELPHIA--(BUSINESS WIRE)--April 25, 1996- BHC BHC benzene hexachloride. BHC, ?-BHC see benzene hexachloride. Financial Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BHCF BHCF Bedford Hills Correctional Facility (New York) BHCF Brighton Heights Citizens Federation (Pittsburgh, PA) ) has reported that BHCM Inc., an affiliate of BHC Securities Inc. (BHC) has reached agreement with SFNB SFNB Security First Network Bank Investment Services Inc., an affiliate of Security First Network Bank FSB (FrontSide Bus) See system bus. FSB - front side bus , to provide brokerage services at Security First, the world's first Internet bank, pending regulatory approval. Under the agreement, the companies will jointly develop and market brokerage services as a banking product offered to customers of Security First and other virtual bank units. Customers will be able to enter trades and view activity and brokerage account Brokerage Account An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf. balances 24 hours a day, seven days a week. They will also be able to direct money movements between their bank accounts and brokerage accounts using safe and cost effective internet solutions. "Security First has applied the same creative skills to managing technology which will support brokerage services at its Virtual Bank that it used in creating its highly successful Internet banking services," said Bill Spane, president of BHC. "Self-directed brokerage through the same Internet site where banking services are available is customer friendly and will increase the convenience of the Internet as the platform of choice for financial services." Security First Network Bank, FSB, opened its doors to the Internet community on Oct. 18, 1995. Security First provides its services using Virtual Bank Manager (TM), a software system created by and licenced through Five Paces Inc., Atlanta. Utilizing a multilayered security platform, Security First on-line transactions are protected by the same trusted operating system Trusted Operating System (TOS) generally refers to an operating system that provides sufficient support for multilevel security and evidence of correctness to meet a particular set of government requirements. used by the U.S. Department of Defense and other military intelligence agencies. BHC Financial Inc., through its principal business unit BHC Securities Inc., is a leading national third-party provider of integrated processing and support services to securities brokerage affiliates of banks, other financial institutions and broker dealers. CONTACT: Security First Network Bank Ken Hoskins, 502/584-8787 or BHC Financial, Philadelphia William Spane, 215/636-3003 Charles Naddaff, 215-636-3265 |
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